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IRS To Issue Cycle 4 Opinion Letters Soon

The Internal Revenue Service has issued Announcement 2026-15, indicating that it intends to issue opinion letters for defined contribution pre-approved plans updating qualification requirements under Cycle 4.

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Retirement Plan Disaster Assistance May Be Available for Several Disasters

The Federal Emergency Management Agency issued Major Disaster Declarations on August 3 for storms in Nebraska, Missouri, Mississippi, and West Virginia.

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Retirement Simplification and Clarity Act Introduced

Senators Roger Marshall (R-KS), and Kirsten Gillibrand (D-NY), have introduced S. 5156, the Retirement Simplification and Clarity Act.

Defined contribution plan IRA Legislative updates

Emergency Savings Enhancement Act Clears Committee

The Emergency Savings Enhancement Act, introduced last year by Senators Cory Booker (D-NJ) and Todd Young (R-IN), and amended by Senator Bill Cassidy ahead of a hearing, cleared the Senate HELP Committee.

SECURE 2.0 Defined contribution plan Legislative updates

Home Savings Account Proposed in House

Representative Scott Perry (R-PA) has introduced H.R. 9480, to encourage savings for home purchases.

Defined contribution plan IRA Legislative updates

SAFE Banking Act Reintroduced

Representative Dave Joyce (R-OH) has introduced H.R. 9471, the SAFE Banking Act.

Defined benefit plan Defined contribution plan IRA Legislative updates

New ESG Proposed Rule at OMB

The Office of Management and Budget received a proposed rule, Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights, from the Department of Labor.

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Sonderling Nominated as Secretary of Labor

President Trump announced the nomination of Keith Sonderling as the Secretary of Labor, following the departure of Lori Chavez-DeRemer, who stepped down in April.

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House Passes Bill to Protect Seniors' Savings

H.R. 2478, the Financial Exploitation Prevention Act, would enable “an open-end investment management company” to delay a transaction if a transfer agent suspects exploitation of an individual.

Defined benefit plan Defined contribution plan IRA Legislative updates

Automatic Enrollment Final Rule at OMB

The final rule reflects statutory changes introduced by the SECURE 2.0 Act of 2022.

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IRS Posts 2026 Forms 1099-R, 5498, and Instructions

The Internal Revenue Service has posted 2026 tax year Instructions for Forms 1099-R and 5498 along with Form 1099-R and Form 5498.

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IRS Releases Draft Instructions for 2026 Forms 1099-R, 5498

The Internal Revenue Service has posted 2026 tax year Instructions for Forms 1099-R and 5498.

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IRS Announces Deadline Relief for Montana Taxpayers Impacted by Severe Storms

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for individuals and businesses in the Crow Tribe, Fort Peck Assiniboine and Sioux Tribes of Montana.

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IRS Announces Deadline Relief for Taxpayers Impacted by Arizona Storms

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for individuals and businesses in the San Carlos Apache Tribe in Arizona.

Defined benefit plan Defined contribution plan IRA IRS

IRS Announces Applicable Federal Rates for July

The Internal Revenue Service has issued Revenue Ruling 2026-12 which contains the applicable federal rates for July 2026.

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